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Tanzanian Royalty Exploration Corporation

Company Description

Tanzanian Royalty Exploration Corporation was granted and obtained from the Tanzanian Ministry of Energy and Minerals a renewal of their mining license for their Buckreef Project for a period of ten (10) years.This renewal of their license was not only approved prior to its due date, but for a ten (10) year term for us to mine gold.  This ten year term speaks to Tanzania’s expectations of their performance.  This is significant since the renewal of the license was reviewed in depth by the Ministry of Energy and Minerals who thereafter determined the 10 year term for the license based on their independent assessment of the viability of their mine.